(MENAFN – Gulf Times) Amid strengthening political, economic, and cultural relations between Qatar and Russia, Qatar’s investments in the Russian Federation are estimated at around $13bn, according to an embassy official. Rashid…
The case for carbon tariffs
By backing tariffs that would reflect the carbon intensity of key imports, more than 3,500 US economists have broken with the free-market orthodoxy that national environmental policies should not impede global trade…
The inequality of nations
MILAN — The eighteenth-century British economist Adam Smith has long been revered as the founder of modern economics, a thinker who, in his great works “The Wealth of Nations” and “The Theory of Moral…
ECB loosening is not enough
The European Central Bank’s negative interest rates and quantitative easing measures cannot by themselves address the pervasive risk aversion holding back the eurozone economy. Eurozone policymakers must, therefore, find the political will…
Hedge funds raise their bets on falling US crude prices
NEW YORK (Reuters) – Hedge funds and money managers raised bullish wagers on U.S. crude oil in the latest week, data showed on Friday, as prices rose with the risk of global…
Gazprom eyes Eurobond issue in July
Gazprom PJSC is considering testing the mar- ket’s appetite for its debt this year by issuing Eurobonds through a Russian or UK unit said a person familiar with the company’s plans. The…
BP can’t sell tainted oil as market struggles to deal with crude
Bloomberg/London Russia’s contaminated oil crisis isn’t over yet — at least not for the traders trying to find a home for the cargoes they unwittingly bought. BP Plc, the London-based oil giant,…
Turkish Airlines Shows Interest in HNA’s Virgin Australia
Turkish Airlines is interested in HNA Group Co.’s minority stake in Virgin Australia Holdings Ltd. as it seeks growth in the Asia-Pacific region, according to people familiar with the matter. Turkey’s national flag-carrier is among companies…
EU failing to find consensus on IMF chief to succeed Lagarde
Paris: EU members have so far been unable to reach a consensus on a candidate to succeed Christine Lagarde as head of the International Monetary Fund and may yet need a vote…
France’s EDF fined nearly 2 mn euros for not paying bills on time
Forgot to pay your bills? Don’t worry. So did your electricity provider. France’s state state energy giant EDF has been fined 1.8 million euros ($2 million) for not paying its bills on…